Metro Inc. (TSE:MRU) Given Average Recommendation of “Hold” by Analysts

Shares of Metro Inc. (TSE:MRU) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$102.33.

Several research firms have weighed in on MRU. Scotia cut their price target on Metro from C$103.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. National Bank Financial cut their target price on shares of Metro from C$105.00 to C$102.00 and set a “sector perform” rating for the company in a report on Thursday, August 13th. TD Securities upgraded shares of Metro to a “strong-buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada lowered their price objective on shares of Metro from C$111.00 to C$110.00 and set a “sector perform” rating for the company in a research report on Thursday, August 13th. Finally, BMO Capital Markets downgraded shares of Metro from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$105.00 to C$95.00 in a report on Monday, July 20th.

Metro Stock Performance

Shares of TSE MRU opened at C$87.90 on Tuesday. The company has a debt-to-equity ratio of 71.09, a quick ratio of 0.41 and a current ratio of 1.43. The company has a market cap of C$18.39 billion, a P/E ratio of 20.88, a P/E/G ratio of 4.06 and a beta of 0.18. The firm’s fifty day moving average is C$92.06 and its two-hundred day moving average is C$92.74. Metro has a 52-week low of C$86.63 and a 52-week high of C$102.71.

Metro (TSE:MRU) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.24 EPS for the quarter. The business had revenue of C$6.97 billion during the quarter. Metro had a net margin of 4.00% and a return on equity of 12.87%. As a group, analysts anticipate that Metro will post 4.8188614 EPS for the current fiscal year.

Metro Company Profile

With annual sales of more than $22 billion, METRO Inc is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 1,000 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and some 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.